The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of March 10, 2012. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale (measured in “months of supply”).
Tallahassee Real Estate Supply And Demand
Real Estate Supply And Demand In Tallahassee Florida
Currently, there are nearly 11 months of supply of homes on the market in Tallahassee, but the relative supply grew last month, something that normally occurs this time of year when sellers re-emerge from the holiday season and enter/re-enter the market. High levels of relative home supply will continue to put pressure on home prices until we see market inventories stabilize at the 6 months of supply level.
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Leon County Home Inventory Report |
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Residential Supply March 2012 |
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For Sale |
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Sold (Past 12 Months) |
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Months of Supply |
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PRICE RANGE |
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All |
New |
Resale |
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All |
New |
Resale |
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All |
New |
Resale |
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Northeast Leon County (Area 1) |
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$0 |
- |
$75,000 |
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13 |
0 |
13 |
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34 |
0 |
34 |
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4.6 |
No Sales |
4.6 |
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$75,000 |
- |
$100,000 |
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40 |
0 |
40 |
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53 |
0 |
53 |
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9.1 |
No Sales |
9.1 |
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$100,000 |
- |
$125,000 |
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40 |
0 |
40 |
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56 |
0 |
56 |
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8.6 |
No Sales |
8.6 |
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$125,000 |
- |
$150,000 |
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77 |
1 |
76 |
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106 |
2 |
104 |
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8.7 |
6.0 |
8.8 |
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$150,000 |
- |
$200,000 |
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202 |
0 |
202 |
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293 |
3 |
290 |
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8.3 |
0.0 |
8.4 |
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$200,000 |
- |
$250,000 |
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148 |
14 |
134 |
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198 |
23 |
175 |
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9.0 |
7.3 |
9.2 |
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$250,000 |
- |
$300,000 |
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110 |
14 |
96 |
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131 |
27 |
104 |
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10.1 |
6.2 |
11.1 |
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$300,000 |
- |
$500,000 |
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176 |
6 |
170 |
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173 |
12 |
161 |
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12.2 |
6.0 |
12.7 |
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$500,000 |
- |
$750,000 |
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36 |
1 |
35 |
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33 |
1 |
32 |
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13.1 |
12.0 |
13.1 |
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$750,000 |
+ |
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30 |
2 |
28 |
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10 |
0 |
10 |
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36.0 |
No Sales |
33.6 |
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Totals |
872 |
38 |
834 |
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1087 |
68 |
1019 |
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9.6 |
6.7 |
9.8 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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152 |
0 |
152 |
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196 |
2 |
194 |
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9.3 |
0.0 |
9.4 |
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$75,000 |
- |
$100,000 |
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125 |
0 |
125 |
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99 |
0 |
99 |
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15.2 |
No Sales |
15.2 |
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$100,000 |
- |
$125,000 |
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80 |
0 |
80 |
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89 |
0 |
89 |
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10.8 |
No Sales |
10.8 |
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$125,000 |
- |
$150,000 |
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84 |
1 |
83 |
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77 |
3 |
74 |
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13.1 |
4.0 |
13.5 |
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$150,000 |
- |
$200,000 |
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64 |
9 |
55 |
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76 |
8 |
68 |
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10.1 |
13.5 |
9.7 |
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$200,000 |
- |
$250,000 |
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21 |
1 |
20 |
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23 |
2 |
21 |
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11.0 |
6.0 |
11.4 |
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$250,000 |
- |
$300,000 |
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21 |
1 |
20 |
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13 |
1 |
12 |
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19.4 |
12.0 |
20.0 |
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$300,000 |
- |
$500,000 |
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17 |
1 |
16 |
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14 |
1 |
13 |
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14.6 |
12.0 |
14.8 |
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$500,000 |
- |
$750,000 |
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2 |
0 |
2 |
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3 |
0 |
3 |
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8.0 |
No Sales |
8.0 |
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$750,000 |
+ |
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7 |
0 |
7 |
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1 |
0 |
1 |
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84.0 |
No Sales |
84.0 |
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Totals |
573 |
13 |
560 |
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591 |
17 |
574 |
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11.6 |
9.2 |
11.7 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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75 |
0 |
75 |
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98 |
0 |
98 |
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9.2 |
No Sales |
9.2 |
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$75,000 |
- |
$100,000 |
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57 |
0 |
57 |
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36 |
0 |
36 |
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19.0 |
No Sales |
19.0 |
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$100,000 |
- |
$125,000 |
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39 |
0 |
39 |
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51 |
4 |
47 |
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9.2 |
0.0 |
10.0 |
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$125,000 |
- |
$150,000 |
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46 |
3 |
43 |
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40 |
6 |
34 |
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13.8 |
6.0 |
15.2 |
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$150,000 |
- |
$200,000 |
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42 |
1 |
41 |
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44 |
0 |
44 |
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11.5 |
No Sales |
11.2 |
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$200,000 |
- |
$250,000 |
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21 |
2 |
19 |
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27 |
3 |
24 |
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9.3 |
8.0 |
9.5 |
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$250,000 |
- |
$300,000 |
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25 |
5 |
20 |
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27 |
12 |
15 |
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11.1 |
5.0 |
16.0 |
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$300,000 |
- |
$500,000 |
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28 |
1 |
27 |
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31 |
12 |
19 |
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10.8 |
1.0 |
17.1 |
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$500,000 |
- |
$750,000 |
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6 |
0 |
6 |
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7 |
1 |
6 |
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10.3 |
0.0 |
12.0 |
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$750,000 |
+ |
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4 |
0 |
4 |
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2 |
0 |
2 |
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24.0 |
No Sales |
24.0 |
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Totals |
343 |
12 |
331 |
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363 |
38 |
325 |
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11.3 |
3.8 |
12.2 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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60 |
0 |
60 |
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88 |
0 |
88 |
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8.2 |
No Sales |
8.2 |
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$75,000 |
- |
$100,000 |
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58 |
8 |
50 |
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27 |
3 |
24 |
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25.8 |
32.0 |
25.0 |
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$100,000 |
- |
$125,000 |
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26 |
0 |
26 |
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7 |
3 |
4 |
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44.6 |
0.0 |
78.0 |
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$125,000 |
- |
$150,000 |
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12 |
0 |
12 |
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8 |
2 |
6 |
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18.0 |
0.0 |
24.0 |
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$150,000 |
- |
$200,000 |
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25 |
2 |
23 |
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10 |
1 |
9 |
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30.0 |
24.0 |
30.7 |
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$200,000 |
- |
$250,000 |
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3 |
0 |
3 |
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1 |
0 |
1 |
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36.0 |
No Sales |
36.0 |
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$250,000 |
- |
$300,000 |
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8 |
0 |
8 |
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2 |
0 |
2 |
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48.0 |
No Sales |
48.0 |
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$300,000 |
- |
$500,000 |
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6 |
0 |
6 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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$500,000 |
- |
$750,000 |
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1 |
0 |
1 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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$750,000 |
+ |
|
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1 |
0 |
1 |
|
0 |
0 |
0 |
|
No Sales |
No Sales |
No Sales |
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Totals |
200 |
10 |
190 |
|
143 |
9 |
134 |
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16.8 |
13.3 |
17.0 |
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All Area Totals |
1,988 |
73 |
1,915 |
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2,184 |
132 |
2,052 |
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10.9 |
6.6 |
11.2 |
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If you would like to receive a free monthly market update, just subscribe to the Tallahassee Real Estate Newsletter and it will be delivered to your email inbox each month. * Residential Properties including single family detached homes, condos, and townhouses ** Source: Tallahassee Board of REALTORS® Multiple Listing Service (Tallahassee MLS)
*** Download a copy of this in .pdf format: Tallahassee Home Inventory Report March 2012
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